SAP Certified Application Professional - Financials in SAP S/4HANA for SAP ERP Finance Experts - P-S4FIN-2021 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

You run an assessment cycle for cost centers, but no postings are made because the posting period is NOT open. Against which period interval is the check being made?

A. Only interval 3, no other intervals checked if interval 3 is not maintained B. First interval 3, then interval 1 if interval 3 is not maintained C. First interval 3, then interval 2 if interval 3 is not maintained D. First interval 3, then intervals 1&2 if interval 3 is not maintained

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which objects do you need to configure in SAP S/4HANA after a conversion from classic G/L to SAP S/4HANA? Note: There are 2 correct answers to this question.

A. Valuation area B. Accounting principle C. Currency type D. Document type

Discussion 0

Correct Answer: A,B Vote an answer

Question 3

Which reports are included with SAP S/4HANA, embedded analytics? Note: There are 2 correct answers to this question.

A. SAP Lumira reports B. SAP Analysis for Microsoft Office reports C. Multidimensional reports D. Analytical List Page reports

Discussion 0

Correct Answer: B,D Vote an answer

Question 4

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

A. 3 B. 2 C. 1 D. 4

Discussion 0

Correct Answer: C Vote an answer

Question 5

You are converting yoursystem to SAP S/4HANA. In yoursystem, you have:Three company codes assigned to a single controlling area. Controlling area is assigned to fiscal year variant K4. Two company codes assigned to fiscal year variant K2. One company code assigned to variant K3.During conversion to SAP S/4HANA, what do you need to change?

A. Create a new fiscal year variant (for example Z4) and assign it to all company codes and the controlling area. B. Change all company codes and the controlling area to fiscal year variant K2. C. Change all company codes to fiscal year variant K2. D. Change all company codes to fiscal year variant K4.

Discussion 0

Correct Answer: D Vote an answer

Question 6

Which values are stored in the universal journal (ACDOCA)?Note: There are 2 correct answers to this question.

A. Elimination of intercompany postings B. Actual costing results C. Transfer prices D. Parallel currencies

Discussion 0

Correct Answer: C,D Vote an answer

Question 7

You carry forward balances for your company code and leading ledger to the new fiscal year 2022 and you get an error message related to asset accounting. What single action can resolve the error?

A. Post all depreciation (transaction AFAB) for the fiscal year 2021 B. Run "Calculate Depreciation" (transaction AFAR) forfiscal year 2022. C. Run the fiscal year change (transaction FAA_CMP) to close fiscal year 2020. D. Post revaluation and new valuation (transaction AR29N) forfiscal year 2021.

Discussion 0

Correct Answer: C Vote an answer

Question 8

In the standard delivery system, what isthe maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

A. 100 B. 160 C. 120 D. 40

Discussion 0

Correct Answer: C Vote an answer

Question 9

Which type of extension ledger do you set up to record incoming sales orders for account-based profitability analysis?

A. Line items with technical numbers/ no deletion possible B. Journal entries for valuation differences C. Standard journal entries D. Line items with technical numbers/ deletion possible

Discussion 0

Correct Answer: A Vote an answer